ST. LOUIS, MISSOURI and KANSAS CITY, MISSOURI — (Marketwired) — 10/03/13 — The majority of affluent Missourians say they are better off financially today than they were before the 2008 recession, reveals a study released today by BMO Private Bank. The study is the second in a series by BMO Private Bank examining trends among high-net worth individuals (those with investible assets of $1 million or more) in Missouri and across the country.
According to the study, 58 percent of affluent Missouri residents say they are more financially secure than they were before the economic downturn. Additionally, 60 percent expect the U.S. economy to improve over the next year.
Other key highlights of the study include:
“It-s reassuring to know that the affluent in Missouri feel that they have bounced back from the economic downturn that began in late 2008,” said Dino Cannella, Senior Vice President, BMO Private Bank. “Even more encouraging is their optimism for the future.”
Key National Findings:
On a national level, the study found:
About BMO Private Bank, a Part of BMO Financial Group
BMO Private Bank offers a comprehensive range of wealth management services that include investment advisory, trust, banking and financial planning to meet the financial needs of high net worth clients. Through integrated teams of experienced financial professionals, BMO Private Bank helps its clients realize their financial and lifestyle goals with solutions that are custom tailored and delivered with the highest level of personalized service.
BMO Private Bank is a brand name used in the United States by BMO Harris Bank N.A. Member FDIC. Not all products and services are available in every state and/or location.
The online survey was conducted by Pollara between March 28th and April 11th, 2013 with a sample of 482 American adults who have $1M+ in investable assets (including a sub-sample of 40 Missouri residents). The margin of error for a probability sample of this size is +/- 4.5%, 19 times out of 20.
Contacts:
Media Contacts:
Beth Copeland, St. Louis
317-269-1395
Carey Allen, Kansas City
480-558-6383